Fuel subsidy relief for SMEs: Malaysia’s Retail Group Malaysia says the Budi Diesel scheme (RM2.10/litre vs ~RM4.72 in late August) is helping eligible SMEs keep operating costs down, with eligibility expanded to company pick-ups and commercial utility vehicles; it also credits the Budi95 petrol cap for partly easing inflation pressure. Tariffs squeeze small retailers: In the US, small shops in places like Janesville say tariffs and trade-war costs are hitting imported goods and making pricing harder, especially after exemptions for tiny retailers ended. Energy shock hits margins: A UN trade agency warns that Hormuz disruptions are raising energy bills, freight, insurance and financing costs, hitting SMEs harder than large firms and risking supply-chain exit. Diesel prices spike: Diesel in Waco is at a record $5.59/gal, disrupting construction trucking and project planning as Middle East energy flow disruptions tighten supply. Trade-war fallout spreads: Canada’s retaliatory tariffs on US goods take effect, with businesses bracing for higher input costs and market access risks. SME finance push at BRICS: BRICS trade ministers are considering an invoice-discounting mechanism to help MSMEs raise cash against unpaid invoices, easing export trade-finance constraints. UAE corporate tax clarity: A guide notes that “0% corporate tax” in Dubai free zones isn’t automatic—firms must meet federal conditions and be ready for Federal Tax Authority reviews. Women-led business spotlight: Tel Aviv’s HER Tel Aviv festival featured dozens of women immigrant-owned micro businesses at a night market, supporting local growth and inclusion.